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« Tom Delay Hopes That His Future Cellmate Has NEVER Seen This Video | Main | Wall Street Pay For 2010: A RECORD $144 Billion »
Friday
Jan142011

What If The Bankers Gorged On A Record $144 Billion In Bonuses And No One Noticed

New Slideshow - From Time Magazine - See a pic of Bernanke at age 13, hair slicked back, playing the saxophone - This is a True Must See 

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Video:  Those crazy Taiwanese animators are back!...

Trust me, this is a brilliant clip.  This is how the rest of the world sees the Wall Street bailout. 

Don't forget what Bill Black has been making very clear the past few weeks - The payouts are based on fictional FASB accounting, leading to fictional profits, and billions in bonuses for bank executives running the scam.

Covering up the losses had three real (carefully unstated) purposes: (1) permitting evasions of the PCA [Prompt Corrective Action law], (2) allowing the banks to remove themselves from the strictures of the TARP program even if they are, in reality, insolvent, and (3) allowing insolvent and impaired banks to pay their senior executives huge bonuses on the basis of the (fictional) income that results when a bank does not recognize its losses.

Bill Black's Latest: The Banks Are Still Insolvent, And Obama Is Not Only Covering It Up, He's Taking Credit!

Wall Street bonus payouts will be $144 billion for 2010 - NYT

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Video: Gerald Celente on bonus madness...

Text from youtube - While millions of Americans are unemployed and the national debt is soaring, it seems top financial executives are far from feeling the pinch.  A recent Wall Street Journal survey estimates they'll receive a staggering $144 billion dollars in compensation and benefits this year.

  • This amount is equal to the U.S. stimulus package approved by Congress in 2008

Trend forecaster Gerald Celente says Americans are failing to react to the payouts, because the financiers' fanbase in the mainstream media is distracting public opinion.

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Slideshow - From Time Magazine - Inside Bernanke's World

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Reader Comments (6)

What is exceptional about this is how accurate and matetr of fact the view from abroad, while here at home so many "just don't get it".
Duh....
Nov 5, 2010 at 3:42 PM | Unregistered CommenterWil Martindale
But Wil, thats the way the MSM wants it. We hear nothing about whats going on in the gulf anymore, yeat people are dieing from working the clean up.

Much oil is still comming ashore. Yeat, nothing on the news. How nice this goverment control works ?
Nov 6, 2010 at 8:58 PM | Unregistered CommenterTexas Dar
Wow, was this done by the same people who made the Tiger Woods animation? I especially liked the part where the bankers are eating cash from a trough.
Nov 8, 2010 at 4:38 PM | Unregistered CommenterAlexandra the Tsaritsa
@alexandra...yep..the same group...they do a fantastic job with their videos...
Nov 9, 2010 at 2:42 AM | Registered CommenterDailyBail
Jct: The bonuses are to keep you upset and distracted from the systemic malfunction of the banks demanding 11 for every 10 they lend into circulation, usury, the imbalance causing automatic poverty, shortage of money.
Nov 17, 2010 at 6:00 PM | Unregistered CommenterKingofthePaupers
Eat my piggies... I love bacon.
Dec 8, 2010 at 12:06 PM | Unregistered CommenterS. Gompers

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